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Global Wealth Management

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Ultra-rich want their children to know the ropes

BOSTON The ultra-rich are taking a more hands-on approach to investing and protecting their fortunes, and are increasingly determined that their children also know the ropes, wealth managers say.

Asia's wealth managers prepare for transparency

SINGAPORE/HONG KONG As Singapore and Hong Kong prepare to grant foreign governments unprecedented access to the financial affairs of their bank account holders, Asia's private bankers sound confident business will only improve.


Despite '08 pain, the rich still like hedge funds

BOSTON It appears nothing -- not losses, redemption gates or lofty fees -- can deter the rich from stashing their cash in hedge funds.


Some ultra-rich unload jets and yachts

BOSTON Thought the ultra-rich were immune to the market meltdown and ensuing recession? Think again.

Japanese wealthy eye overseas currencies, bonds

TOKYO After retreating to the safety of yen deposits in the wake of the financial crisis, Japan's wealthy investors are slowly regaining their appetite for risk and are eyeing foreign currencies and bonds for higher returns.

Wealth management fees hold up

BOSTON Wealthy families may have sold off planes and vacation homes amid the downturn, but one cost they did not cut was spending on high-end investment advisers.

Bessemer adds record new clients, to stay solo

BOSTON Wealth manager Bessemer Trust added a record number of new clients last year and expects to keep growing as wealthy Americans reconsider whom to trust with their millions after last year's financial crisis.


Baer-ING deal kicks off private banks' M&A season

GENEVA Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.


Bankers to help wealthy give again

GENEVA The wealthy have scaled back charitable giving in the financial crisis but philanthropy is set to make a comeback as economies rebound and private bankers are looking to help their clients back favored causes.


Private bankers fret over cost of new rules

GENEVA Private bankers face higher costs as a wave of regulation forces them to spend on infrastructure and more staff, executives told the Reuters Wealth Management Summit.


Wealth managers hiring as markets rise

BOSTON With financial markets and private wealth bouncing back, banks are again hiring money managers and seeking takeovers to help them serve the ultra-rich.


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